Series 39 – Extracting Toxic Volatile Compounds from Groundwater
This is the thirty-nineth in a series of light, short and visual talks on taking control of environmental-risk concerns that haunt otherwise lucrative transactions in commercial and industrial properties, and even residences.
Frequently, stakeholders in the real-estate transaction are perplexed about what remediation is. A simple answer is that remediation is not absolute. It is the process by which we reduce the contamination to a degree that is considered by regulatory agencies as negligible risk to public health and the environment.
Remediation is achieved through various technologies or combinations thereof.
In the previous video we described the excavation way of remediation. Now we move to a well-tested technology of removal of volatile organic compounds from groundwater.
Remediation is not an absolute term. In the environmental-risk lingo it means the reduction of the intensity of the contamination to such levels that will be accepted by the regulatory authorities.
Time and money are connected and it behooves us to outline time schedules when engaged in the Phase I and II environmental site assessments.
Cost of Phase II Environmental Site Assessment can be substantial, we see stakeholders evaluating the benefit within the framework of the entire transaction.